Ag News, May 13, 2014

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Wolves of Wall Street: Poised to Gobble Up U.S. Farmland

Hembree Brandon in Farm Press Blog – Enthusiasm for agriculture as an investment “borders on speculative mania,” and “the wolves of Wall Street are eyeing millions of acres of U.S. farmland that will soon come up for sale, much of which has been in the hands of family farmers for generations.” Continue reading.

Registration is Now Open for Summer Education Week!

Summer Education Week - your summer educational experience! Join ASFMRA on July 13 -17, 2014 for Summer Education Week.  The perfect combination of professional development, professional networking and fun!

The Kiplinger Agricultural Letter

For ethanol producers this year and next, gradual growth and modest profit margins. Read the entire issue.

Appraisal Standards Board Announcement

ASB Second Exposure Draft of proposed changes, looking for your comments. Appraisal Foundation is pleased to announce that the Appraisal Standards Board (ASB) has issued the ASB Second Exposure Draft of proposed changes for the 2016-17 edition of the Uniform Standards of Professional Appraisal Practice.

Issued on April 30, 2014, Written comments requested by June 2, 2014

Send Comments to ASBComments@appraisalfoundation.org.

Questions?  Please contact Aida Dedajic, Standards Administrator, 202.624.3058

The Ferguson Report

Backpedaling On Climate- Anyone who has followed the “global warming” nonsense with even moderate interest realizes that the promoting hucksters are persistent with their claims and scare tactics while striving to be the direct beneficiaries of billions of taxpayer dollars. Read the entire issue. 

Financial Transactions Tax

Strategies to manage your extra 3.8% tax! The good news is this tax only applies to the extent that income on page 1 of the Form 1040 exceeds $200,000. Read more.

Landowner Quality Still Attracts Strong Demand

Demand for high-quality cropland is still strong. And an 80-cent rise in May corn futures off the January lows certainly helps. Continue reading.

Appraisal Foundation News

The Appraisal Practices Board (APB) of The Appraisal Foundation has issued a solicitation for Subject Matter Experts (SMEs) for The Collection and Verification of Data used in the Sales Comparison Approach for Non-Residential Properties

Collection and Verification of Data used in the Sales Comparison Approach for Non-Residential Properties: https://appraisalfoundation.sharefile.com/d/se7becdd3ea44c79b

We sincerely appreciate your assistance if you are willing to apply as a SME, or if you would pass this along to those who may be interested. The application deadline is June 6, 2014.

Questions?  Please contact Staci Steward, Practices Administrator, (202) 624-3052

Consultants Find Ease, Multiple Uses for ‘Drones’ in Agriculture

David Bennett, Delta Farm Press – The use of unmanned aerial systems – more commonly called drones – is no longer just a promise for agriculture. The units are now being used on farms across the world. Read more.

Cotton PGR Decisions Need to Start Early

Paul Hollis, Southeast Farm Press – Though it’s early in the cotton growing season, the factors to be considered when deciding when and how much plant growth regulator to apply are already at play in many fields. Read more.

U.S. Soybean Exports, Global Market Still Dependent on Finicky China

Daryll E. Ray & Harwood D. Schaffer, University of Tennessee | Southeast Farm Press - On a volumetric basis, soybean exports have been the bright spot in an otherwise dismal export picture for grains and oilseeds. A multi-year hiccup by the world’s largest buyer, China, could create serious problems for soybean farmers in the US and South America. Read more.

Corn Market Influenced by Delayed Planting, Consumption Numbers

Darrel Good, University of Illinois | Southeast Farm Press  - The corn market continues to be influenced by the on-going high rate of consumption, particularly the magnitude of export sales, and the slow start to the planting season. Read more.

Top 10 Technologies for the Farm

Willie Vogt and Jodie Wehrspann, Farm Industry News – Wearable computers, unmanned aerial systems and 3-D printing are among the technologies that could impact farming in the next decade. Read more.

The Odds of $5 and $7.50 Wheat

Kim Anderson, Southwest Farm Press – Assuming that the wheat market is an efficient market, the odds are 50 percent that wheat prices will be above $7.75 at harvest. U.S. wheat stocks are relatively tight, hard red winter wheat (HRW) stocks are expected to remain tight throughout the 2014/15 wheat marketing year and the odds of $5 wheat are nearly zero. Read more

5 Reports to Boost Mississippi Crops

Ed Phillips,  Delta Farm Press  - Mississippi farmers have returned to their fields in force this week with a nice string of rainless warm days. Early-planted fields have begun to emerge and farmers are working to catch up in unplanted fields. Read more

Improved Sprinkler Efficiency Could Help Combat Drought

Farm Press Staff, Western Farm Press – Drought has become the No. 1 topic of conversation in California, and this year’s World Ag Expo certainly was no exception to that rule. Shane Shiplet, territory manager for California for Valley, says he and his coworkers spent much of their time at this year’s event answering questions about how center pivot irrigation systems could help farmers who have relied on furrow watering for years. Read more.

Wine Grape Value Little Changed in Napa

Farm Press Staff, Western Farm Press  – About 99 percent of Napa’s total ag value is in wine grapes. At more than $656 million, wine grape production continues to increase in value as Cabernet Sauvignon, Chardonnay and Merlot make up the top three varieties planted in the county. Read more.

Florida’s Citrus Industry Liked Florida’s 2014 Legislative Session

Florida Citrus Mutual | Southeast Farm Press – Florida Citrus Mutual is happy about Florida’s 2014 legislative session, where several citrus industry legislative priorities were realized. Read more. 

Calling All Appraisers!

Please consider being a presenter during the Rapid Fire Sessions at the ASFMRA Annual Meeting. Rapid Fired sessions are only as good as we collectively make them – we need you! The Rapid Fire Sessions were started 5 years ago as a day of mini-seminars regarding various appraisal topics; the more diverse the better.  This past year we had topics including a right of way discussion, vineyards, grain facilities, greenhouse facilities, comparable sales in condemnation, and new technologies and their impacts on agriculture.  The reviews were awesome.

This is a great opportunity for appraisers from throughout the United States to tell us something unique about their area; fracking, apps for appraisers, wind presentations, pistachio/nut farm evaluations, and environmental issues – anything impacting your appraisal.  

In the past these talks have been 60 minute to 90 minute presentations. We are in need of at least 6 volunteers to make the day work.  Could that be you? Help us make this annual meeting truly memorable. 

If you are interested in sharing your nightmare or your dream assignment, please contact Dave GaNun @ david.ganun@farmcrediteast.com.